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this post was submitted on 13 May 2024
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China is becoming an increasingly unreliable trade partner. Preventing them from taking over more of America's economy is prudent.
Oh yeah, because there's still cars made in America where the workers get decent wages and working conditions ..
Like, I'm sure they don't in China either.
But what's the difference between a Chinese oligarch who doesn't pay American taxes and an American oligarch who doesn't pay American taxes?
I'm sure there's a couple besides if someone's wealth changes GDP, but are there any that make up for all Americans getting access to affordable EVs?
This move is terrible for the average American, so some different billionaires will make more money then they can spend.
Even if you want to make the case it helps auto workers (it really doesn't) they make up a little over 1% of Americans.
Biden is hurting 100 Americans to "help" 1, because even that US autoworker could buy the affordable EV if they were sold here
Hell, isn't capitalism supposed to be built on the free market? If these billion dollar corporations can only exist if we ban their competition, shouldn't capitalists be screaming to let them burn?
The difference is that Chinese business is beholden to, and directly finances, the Chinese government. The US is currently trying to divert direct funding away from their enterprises for this reason.
Chinese businesses pay taxes?! Say it aint so!
The taxes are far more substantial, and in turn, as are their industry dictating subsidies. There is no limit to the influence or oversight of the private sector by the Chinese government, allowing them to implement data collection system mandates.
China also follows the principle of territoriality in IP protection, meaning they do not respect the IP of nations outside of the nation in which it was created. It’s the fundamental reason why there are thousands of cheaply made knock offs of most products.